Seven Conditions For The New Loan Agreement
The Troika urges Greek government to adopt laws on the abolition of exemptions and special regimes in VAT and taxes of legal persons, and the total deregulation of closed professions.
Greek Finance Minister Evangelos Venizelos is presenting to a government committee the strict conditions set by the Troika in order to continue to lend Greece. There are dozens of terms and accumulated commitment, pending even since 2010.
However, according to sources, seven of them are considered “prior actions” for the payment of installments. The review will begin at the arrival of the Troika, right after the EU Summit in December.
Sources note that the Troika calls Greece to:
1. Adopt the new tax bill by the end of the year
2. Achieve the fiscal targets set in June to fight tax evasion
3. Adopt a law on the supervisory organizations in relation to the role of the ECB and the EFSF
4. The Bank of Greece should complete the assessment of capital needs of financial institutions by March
5. Complete the interventions in closed professions
6. Restrain deficit to 9% of GDP. The primary deficit should be limited to 0.7% of GDP, while the government should service arrears to individuals.
7. Sell holdings in Alpha, National and Piraeus Bank, Airbus by December, and State Lotteries, Parnitha Casino, LARKO, OPAP, Hellenic Defense Systems and a package of real estate assets in the first quarter of 2012.
(capital.gr)